NEWSLINK: “Are Russia’s oil wells truly in danger of drying up?” – Russia Beyond the Headlines/Vzglyad/OLGA SAMOFALOVA

“Russia’s economy is heavily dependent on the energy sector. Oil and gas alone are estimated to account for 16 percent of GDP, 52 percent of the federal government’s revenue, and 70 percent of the country’s exports. Russia’s future without oil is inconceivable, and would debilitate the country tremendously. Therefore, investments in the exploration of new oil reserves are imperative, but current Western sanctions are complicating this.”